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The ringgit ended marginally lower against the US dollar on June 27, closing around RM4.716. Hawkish Federal Reserve remarks kept the greenback supported ahead of the PCE inflation release, and the dollar index briefly topped 106 before easing.
A firmer dollar lifts the cost of ringgit-denominated Malaysian palm oil and feed imports, with little direct effect on feed grain prices.
malaymail.comJun 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
